Tri Pointe Homes Inc. $TPH Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its position in Tri Pointe Homes Inc. (NYSE:TPH) by 62.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,568 shares of the construction company’s stock after selling 24,323 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Tri Pointe Homes were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TPH. Harbor Capital Advisors Inc. grew its stake in shares of Tri Pointe Homes by 45.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock worth $38,000 after purchasing an additional 345 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in Tri Pointe Homes in the third quarter valued at $44,000. Farther Finance Advisors LLC raised its stake in Tri Pointe Homes by 306.8% in the third quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock worth $54,000 after buying an additional 401 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new stake in Tri Pointe Homes during the 3rd quarter worth about $64,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TPH has been the subject of several analyst reports. Oppenheimer cut Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Citizens Jmp started coverage on Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Citigroup initiated coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada raised their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.50.

Insider Buying and Selling

In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the transaction, the director owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by company insiders.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $46.73 on Monday. The company has a fifty day moving average of $43.17 and a two-hundred day moving average of $36.52. The company has a market capitalization of $3.98 billion, a PE ratio of 17.18, a P/E/G ratio of 1.39 and a beta of 1.30. Tri Pointe Homes Inc. has a 1 year low of $27.90 and a 1 year high of $46.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.63.

Tri Pointe Homes (NYSE:TPH) last posted its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The business’s revenue was down 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. As a group, analysts expect that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.

About Tri Pointe Homes

Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.

Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.